Nash Equilibrium (Game Theory) Proposed by John Forbes Nash

Nash Equilibrium Important Points:

• Refers to game theory.
• Named after John Forbes Nash who was the initial proposer of this concept as a solution to games involving 2 or more players.
• A set of strategy choices and the payoffs constitute a Nash equilibrium when no player in the game is willing to change their strategy.

"Nash Equilibrium" image by fdecomite (cc)

Tags:
Game - John Nash - Nash Equilibrium - Payoff - Strategy

Posted by ALCHEssMIST.
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